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Dec 26, 2012
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let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on de
let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the...
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Dec 14, 2012
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>> absolutely. >> that's how america normally does, it i guess. let me ask you. interesting to look around the world and see austerity everywhere you look. we're looking at this subject, whether it's in the united states, in italy, throughout europe. give us your sense of what's going on with the debt situation in italy right now. news today, of course, that the public debt rose above 2 trillion euro for the first time in october. can the government get the debt under control in italy? >> you know, we started to manage our spending review last year when government took place. there was a huge parliamentary alignment around the agenda of the prime minister because the crisis effect was that there was no alternative, so everyone had to really support an agenda of tackling the control of costs and tackling the reforms that every country needs, every democracy needs. the agenda was put in place so fast that it had an effect also on the italian reputation and negotiating power versus the other european countries, and the effect of that, all the measures that the ecb t
>> absolutely. >> that's how america normally does, it i guess. let me ask you. interesting to look around the world and see austerity everywhere you look. we're looking at this subject, whether it's in the united states, in italy, throughout europe. give us your sense of what's going on with the debt situation in italy right now. news today, of course, that the public debt rose above 2 trillion euro for the first time in october. can the government get the debt under control in...
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Dec 17, 2012
12/12
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but more importantly, america needs to face facts. our tax revenue is not the driver of our spiraling debt. which now, of course, tops $1 trillion a year, for four years going. it is our spending. and it is our entitlement spending that is the biggest culprit. and there is almost no reasonable way to get enough tax revenue to fix this problem. without serious spending cuts. look what giving up sacred cows can do for the market. the dow starting off with a 100-point game, because republicans have signaled with this move, they will rise above on this very contentious issue of tax hikes. imagine the rally we could get if democrats also admit that their sacred cows are no longer so sacresacred. maybe baby steps. let's get to bertha for today's winners and losers. bertha? >> look over here at the wall, it's kind of telling the story. we had a pretty big monster rally today in terms of most everything in the s&p 500 today, was in the green. very few losers here. we had a couple of, hp was one of the losers, jcpenney, but nothing off more th
but more importantly, america needs to face facts. our tax revenue is not the driver of our spiraling debt. which now, of course, tops $1 trillion a year, for four years going. it is our spending. and it is our entitlement spending that is the biggest culprit. and there is almost no reasonable way to get enough tax revenue to fix this problem. without serious spending cuts. look what giving up sacred cows can do for the market. the dow starting off with a 100-point game, because republicans...
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Dec 18, 2012
12/12
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bank of america with another good day overall. what got killed today, the safe havens, gold at three, almost four-month lows here. that's a classic one. we saw bonds going down as well. maria, at least for now they are telegraphing things are pretty rosy for 2013. >> all right, bob. thank you so much. bob pisani. so is high frequency trading ruining the markets? my next guest says absolutely, especially for the millions of individuals out there. a senate panel checking for computer-driven irregularities. take a look at what needs to happen to have the market a fair game for everybody. also ahead, dirty details revealed. walmart reportedly in another bribery scandal in mexico. are they the only company in your portfolio that should be looked at for bribery or not? let's hear what ken langone has to say about that having done business all over the world. back in a minute. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he
bank of america with another good day overall. what got killed today, the safe havens, gold at three, almost four-month lows here. that's a classic one. we saw bonds going down as well. maria, at least for now they are telegraphing things are pretty rosy for 2013. >> all right, bob. thank you so much. bob pisani. so is high frequency trading ruining the markets? my next guest says absolutely, especially for the millions of individuals out there. a senate panel checking for computer-driven...
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Dec 11, 2012
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. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise would have gridlock and reach a deal. now, we're beating down their doors. live from our nation's capital, this is a cnbc special report, "mission critical, rise above d.c." >> well, the stock market riding the ups and doups of the fiscal cliff negotiations. roger altman is former treasury official under president clinton. he says he's optimistic that a deal is coming. the question, of course, is when. joining me from new york is roger altman. always nice to have you on the program. let welcome back. >> hi, how are you? >> you think a chance of getting a deal will increase and harry reid says he's pessimistic that had t will get done before christmas. what do you think? >> the financial markets themselves are becoming more optimistic, and i think that's a strong signal. second, i think the atmospherics, and senator reid's statement i
. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise would have gridlock and reach a deal. now, we're beating down their doors. live from our nation's capital, this is a cnbc special report, "mission critical, rise above d.c." >> well, the stock market riding the ups and doups of the fiscal cliff negotiations. roger altman is...
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Dec 28, 2012
12/12
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simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay. >> really. let me get this straight. they can't get a deal on controlling out-of-control debt, so rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit conversations right, treasuries went down and stocks went down. oh, would i love to get back to that type of reality. >> yeah. but you had a different guy at the federal reserve at the time. >> yeah, a different guy, you know, in hindsight he was m
simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does....
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Dec 27, 2012
12/12
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the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. any time bhth speaker and the republican leader come to the president and say we've got a deal for you. the president's door is always own, and mine is, too. >> the senate is back in session today and a lot of looking backwards, not necessarily looking forwards. certainly not so concise recap of harry reid of where we've been on the negotiations and the lack thereof. spinning going on in washington and not the kind done on an exercise bicycle. eamon. >> not the senate's job to be concise, let alone the senate majority leader. never been known for that. that's not going to change, but what harry reid is saying it's their fault. we already heard from mitch mcconnell, the republican leader, it's their fault, it's the democrats. finger-pointing in washing,ton, but what i heard from speaker bain e. he said we's expecting a new proposal by the president. swu the communication is off on the capitol hill switchboard but mcconnell sounds an awful like a guy that the pres
the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. any time bhth speaker and the republican leader come to the president and say we've got a deal for you. the president's door is always own, and mine is, too. >> the senate is back in session today and a lot of looking backwards, not necessarily looking forwards. certainly not so concise recap of harry reid of where we've been on the negotiations and the lack...